The Europe Disc Brake Market is expected to reach $3.7 billion by 2018 - New Report by MicroMarket Monitor
(PRWEB) November 20, 2014 -- The Europe Disc Brake Market report defines and segments the disc brake market in Europe with analysis and forecast of revenue. This market was valued at $2.8 billion in 2013 and is expected to reach $3.7 billion by 2018, at a CAGR of 5.6% from 2013 to 2018.
Browse through the TOC of the European Disc Brake Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation of the market, which is supported by various tables and figures.
http://www.micromarketmonitor.com/market/europe-disc-brake-9342514383.html
Automotive brakes have evolved from the simple wooden block brakes which were used in steel rims, to modern-day disc brakes with electronic assistance. The key function of brakes in an automobile is to slow down or stop the vehicle in motion. A majority of the brakes used in automobiles are of friction types, in which the brakes use friction to slow down the vehicle. With disc brakes, the kinetic energy of the moving wheels is converted to heat energy via friction, which is then dissipated into the atmosphere. Disc brakes are equipped with a spinning disc with brake pads on either side. Disc brakes work by using callipers to clamp these brake pads. These are more efficient as brakes don’t have to be pressed too hard for them to work efficiently. They also perform well in water.
The European Union’s road and safety norms have shortened desired stopping distances, which have given a boost to the disc brake market in this region. The ceramic brake market showcases several opportunities for all disc brake manufacturers. On the other hand, the economic downturn of 2009 hit the entire European region and affected several industries.To cover up losses and cut down operating costs, automobile manufacturers have been opting for traditional drum brakes, thus posing a restraint for the disc brake market.
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The European disc brake market is segmented and forecasted based on application and country. The application segment of this market comprises passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV).Major countries contributing to the European disc brake market are Germany, Russia, and France.
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The report on this market also highlights all the factors that are currently driving and restraining the market,along with the opportunities that are available for its growth. It also profiles all the major companies involved in this segment, covering their entire product offerings, financial details, strategies, and recent developments. The current and future trends for this region have also been analyzed.
Related Reports :
North America Drum Brake Market
The North American region is the second-biggest market for drum brakes across all major regions. This is mainly due to the growing vehicle production in the region and the demand for cheaper cars after the recession. The growth in the region is higher than that of Europe due to favorable economic conditions and different government policies to increase trade among countries in the North American region.
The North American drum brake market was valued at $2.5 billion in 2013, to grow at 8.0% annually and reach $3.7 billion by 2018.
http://www.micromarketmonitor.com/market/north-america-drum-brake-6289968641.html
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